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How can the Chinese economy maintain growth of around 6% in 2020?

How will the country deal with the negative factors and maintain growth? Here is some advice from Chinese economists:
Source: Global Times | 2019/12/8 19:32:20

Moncler offers costly fix for Kering's Gucci habit

Moncler offers a costly cure for Kering's Gucci addiction.
Source: Global Times - Reuters | 2019/12/8 19:28:39

China to upgrade services sector further amid trade war

Pressure from the China-US trade war will not stop China from changing its industrial structure. Instead, it will only motivate the country to upgrade its services sector in preparation for the forthcoming expansion of consumption.
Source: Global Times | 2019/12/5 21:03:44

Google CEO replacement is a solution in search of a problem

The reshuffle of chief executives at Google and its parent Alphabet is something of a solution in search of a problem. Sundar Pichai, who runs the search engine, will now also lead the $890 billion Alphabet, replacing Larry Page. Page's fellow co-founder Sergey Brin will step back too, according to Tuesday's announcement. But an overriding reason for the change is elusive.
Source: Global Times | 2019/12/5 18:53:40

China should promote high-tech exports

Should China again call to “make every endeavor to promote exports?” The answer is most certainly yes. Based on current and upcoming domestic and global economic conditions, it's necessary for China to re-emphasize exports, particularly for its high-tech industries. As the world is expected to enter a long low-growth period given the uncertainties that come with long-term trade friction, stabilizing and expanding exports has become the priority of trade policies and will be crucial when it comes to combating external impacts.
Source: Global Times | 2019/12/5 18:43:40

Cheese war will deal its heaviest blow to prudent tax reform

Roquefort producers are just one casualty in the brewing Franco-US cheese war of 2020. The conflagration's abiding and potentially more economically damaging effect will be to impede a set of global reforms to the way countries tax large technology businesses.
Source: Global Times | 2019/12/4 22:24:45

Wealth distribution critical to US economy

The US economy is performing steadily. The country's production remains solid – especially in the technology sector – fortunes are gathering and asset prices are expected to continue rising. However, the real challenge facing the US economy today is wealth distribution. As the debt levels of all classes continue to mount, more money needs to be given to the country's people in order to maintain the economic growth of consumption power.
Source: Global Times | 2019/12/4 22:03:40

India embroiled in whirlpool to escape 'middle-income trap'

India, with its 1.35 billion people aspiring to escape decades of poverty and become better off, has seen its economy rise at a galloping speed in the past few years. But the country is now headed into a strong headwind.
Source: Global Times | 2019/12/4 20:38:40

Trade war should be separated from political issues

Whether to let the so called Xinjiang-related bill get in between the China-US trade talks is fundamentally up to China. The US is attempting to introduce everything that can disrupt China to be related to the China-US trade war. If China goes along with the US' moves, all issues will be entangled with each other and the trade war will become an endless problem
Source: Global Times | 2019/12/4 19:54:54

China should be prepared for a trade war lasting to 2035

China should also be prepared that the trade war, from irrational confrontation to rational cooperation, could last all the way to 2035. China and the US won't sit down and go back to rational discussions until 2026, after being exhausted from seven or eight years of wrestling without results.
Source: Global Times | 2019/12/4 19:53:46

'Xinjiang bill' to spell bad news for US stock markets

The US House of Representatives is preparing to vote on its version of a bill concerning China's internal affairs in its northwestern Xinjiang Uyghur Autonomous Region. It is not good news for the US stock market.
Source: Global Times | 2019/12/4 1:29:51

American Dream to focus on entertainment, bypassing US mall nightmare

New Jersey is doubling down on the mall. The Garden State is home to one of the largest shopping complexes to open in recent memory. American Dream, as it's called, offers a dizzying array of theme parks better suited to Dubai. The hope is that this will help push people through the door. With retail sales swiftly moving online, that may not be enough.
Source: Global Times | 2019/12/3 20:53:41

Opening-up policies need firm application

In order to promote quality economic growth, the Chinese central government has rolled out a series of policies including the Foreign Investment Law which will come into effect on January 1, 2020, 11 measures on financial reform and measures to promote the development of pilot free trade zones (FTZs). These policies have been well received by markets, will significantly improve the domestic business climate and will boost investor confidence.
Source: Global Times | 2019/12/3 20:53:40

Banks Down Under underestimating cost of cleaning up their act

Australian banks can, and probably will, sink further. Westpac just became the latest of the country's Big Four to part ways with its top brass. Days after it was hit by scathing allegations from regulators, Chief Executive Brian Hartzer has departed and Chairman Lindsay Maxsted accelerated retirement plans. Persistent rot suggests investors may be underestimating the cost of a cleanup.
Source: Global Times | 2019/12/2 22:08:40

How can the PBC avoid the tide of QE?

The US Federal Reserve's (Fed's) interest rate cuts have started a trend among central banks which is widely expected to continue in 2020. In this context, Yi Gang, governor of the People's Bank of China (PBC), China's central bank, said in a signed article published on Sunday that China will not resort to quantitative easing (QE) even as the world's major economies are approaching interest rates of zero.
Source: Global Times | 2019/12/2 22:03:40

US status as net exporter of oil reminds China of energy disadvantage

While China's imports of crude oil continue to set new records, the US has made a major shift, becoming a net exporter of crude and petroleum products for a full month for the first time in 70 years. The comparison highlights the urgency for China to accelerate adjustment to its energy strategy.
Source: Global Times | 2019/12/2 21:07:55

China needs fiscal, monetary stimulus to sustain growth

When a significant economy like China's faces an outlook of an evident slowdown, an economist's common-sense response would be to ram up the magnitude of fiscal stimulus, and simultaneously cut taxes and fees for the middle class so they will have more in their pockets to shop and activate domestic spending.
Source: Global Times | 2019/12/1 22:58:40

Power play entanglement misses the point of the RCEP

The fate of the Regional Comprehensive Economic Partnership (RCEP) may again take a fresh turn with a top Japanese negotiator saying on Friday that the country was not considering signing the trade pact without India.
Source: Global Times | 2019/12/1 21:08:40